Skillz Inc. (SKLZ) stock rises in the pre-market trading. Here’s what you should know?

Skillz Inc. (SKLZ) stock declined by 11.06% at the last trading close whereas the SKLZ stock price is showing a gain of about 4.62% at the last check in the pre-market trading. There is no recent news hitting the media related to SKLZ stock. Skillz is the biggest mobile games platform that brings players together to compete in an equal, engaging, and meaningful way. The Skillz network enables social competition in gaming, allowing players to create multi-million dollar franchises.

What is happening?

SKLZ released its first-quarter forecast on March 25, 2021, for the period ending March 31, 2021. Skillz has announced that after the close of trade on the New York Stock Exchange on May 4, 2021, it will report its fiscal first-quarter financial results.

Analyst’s prediction vs Skillz Outlook

  • According to analyst’s expectations, the revenue of SKLZ for the first quarter will be between $72.2 million $79.6 million whereas the figure given by SKLZ for its first-quarter revenue is $80million.
  • Adjusted EBITA as per analyst’s expectations would be $21.8 million $24.5 million for the first quarter whereas the SKLZ outlook says that it will be $37 million.
  • The MAU will be between 2.4 million-3.2million as per the analyst’s prediction whereas the MAU has been calculated as 2.6 million, given in the SKLZ outlook for the first quarter financial results.
  • And lastly the Paying MAU, according to analysts will be a 0.442million-0.469 million. On the other hand, SKLZ outlook says that the paying MAU will be 0.45 million.

Skillz’s first-quarter outlook is buoyed by double-digit growth in payors, owing to a rise in new installs as well as increased migration of existing players to payors. It will be interesting to observe the financial results, once it comes out officially.